There has been an enormous amount of innovation in the EV battery sector in the past decade or so. Ten years ago, it might have been hard to believe how much better, more energy dense, cheaper, and more influential batteries have become. However, there’s still work to do.
However, if you’re a company that’s heavily reliant on battery longevity, this is an area you’d be laser focused on. It’s just that there are few companies in that boat. However, NIO is unique. With its focus on battery swapping, one of the big benefits it offers to its customers, NIO benefits from batteries that lose capacity less quickly. So, it’s fitting that NIO has partnered with CATL to develop longer-lasting batteries.
CATL has been the largest EV battery producer in the world for the past few years, with more than 30% of the global EV market. It is the only company supplying NIO with batteries for its current battery swapping system, which includes 70-kWh, 75-kWh, and 100-kWh batteries. Notably, while NIO has tapped some other EV battery companies for batteries for some future models, a little more than a year ago, NIO and CATL announced a big long-term partnership. They signed “a five-year comprehensive strategic cooperation agreement,” astated. “The comprehensive strategic cooperation agreement further deepens CATL’s strategic partnership with NIO.
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